Two-Bedroom Residential Income
For Sale
$875,000
2605 Frederick Douglass Boulevard 4B, New York City, NY 10030
Corner apartment with an open layout, private elevator access, and full in-unit laundry.
Property Size1,244 SF
Price / SF$703.38
Days on Market198
Property Features for 2605 Frederick Douglass Boulevard 4B
General Information
Standard status
Active
Size
1,244 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$160
Amenities
virtual doorman
package room
landscaped roof deck
in-unit washer and dryer
central heating and A/C
Building Details
Building Size
1,244 SF
Year Built
2006
Listing Agency:
Compass
Listed By:
Nigel Pearce
(646) 739-7116
Source:
Miradorrealestate
Added: Mar 25
Changed: Sep 5
Last Checked: Oct 7 at 5:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
This 1,244-square-foot corner apartment is configured with two bedrooms and an open living layout. The residence includes high ceilings, hardwood flooring, large windows, central heating and A/C, and an in-unit washer and dryer. Its kitchen has custom cabinetry and chrome appliances, while the primary bedroom includes an en-suite bathroom with a soaking tub and windows. The property is part of a 14-unit condominium completed in 2006, with a keyed elevator, virtual doorman, package room, and landscaped roof deck.
Located at 2605 Frederick Douglass Boulevard in New York City, the apartment is near St. Nicholas Park and Jackie Robinson Park. The surrounding area includes restaurants, coffee shops, and a Key Food supermarket one block away. Local B/C subway service, Citi Bike, and bus transportation are also nearby.
Located at 2605 Frederick Douglass Boulevard in New York City, the apartment is near St. Nicholas Park and Jackie Robinson Park. The surrounding area includes restaurants, coffee shops, and a Key Food supermarket one block away. Local B/C subway service, Citi Bike, and bus transportation are also nearby.
Key Highlights
- 1,244‑square‑foot two‑bedroom corner apartment
- Part of a 14‑unit condominium completed in 2006
- Keyed elevator, virtual doorman, package room, and landscaped roof deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,921
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,420
$778.4K
Cap Rate 7%
$556,014
$556.0K
Cap Rate 9%
$432,456
$432.5K
Market Conditions
NOI Build-Up for 1,244 SF
Gross rent
$74.5K $59.88/SF
− Vacancy
−$3.7K −$2.99/SF
EGI
$70.8K $56.89/SF
− OpEx
−$31.8K −$25.60/SF
NOI
$38.9K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,420
Cap Rate 7%
$556,014
Cap Rate 9%
$432,456
Alternative Uses
Best Use
Apartment 5plus
$556.0K
$486.5K – $648.7K
NOI $38,921 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.10M
$2.71M – $3.61M
NOI $216,755 @ 7.0% cap · market cap 24.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
7,019
Businesses Nearby
Explore this area
Business Placement
Demographics for 10030, NY
29,686
Population
14,602
Households
2
Avg Household Size
36
Median Age
35%
College-Educated
78%
High-School Grad
0.3 sq mi
ZIP Area
98,953
Density / Sq Mi
$42,738
Median Household Income
$37,388
Median Earnings
$1,204
Median Rent
$810,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Corner apartment with an open layout, private elevator access, and full in-unit laundry.
Where is this residential income property located?
The property is located at 2605 Frederick Douglass Boulevard 4B New York City, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 1,244‑square‑foot two‑bedroom corner apartment; Part of a 14‑unit condominium completed in 2006; Keyed elevator, virtual doorman, package room, and landscaped roof deck
